On the afternoon of April 7, Yantai Ruichuang Micro-Nano Technology Co., Ltd. (SH: 688002, hereinafter referred to as "Ruichuang Micro-Nano") issued the "Announcement on Major Matters of the Company", and the company received the "Notice of Retention in Custody" and "Notice of Case Filing" issued by the National Supervision Commission on April 4, and implemented retention on Ma Hong, the actual controller, chairman and general manager. On the 8th, Ruichuang Micro-Nano shares fell at the opening, and the market value evaporated by about 3.3 billion yuan. In the afternoon of the same day, the company disclosed its recent main operating data, but it did not dispel investors' doubts.
The reporter found that since the beginning of this year, 8 executives of listed companies have been retained, of which only Ma Hong has been placed in custody by the State Supervision Commission.
Ruichuang Micro-Nano stock price opened lower
Ma Hong was temporarily unable to perform his duties as chairman of the board of directors during the period of liuzhi. Elected by all directors of Ruichuang Micro-Nano, Wang Hongchen, director and deputy general manager of the company, will perform the relevant duties of the chairman of the company and the duties of a member of the special committee of the board of directors of the company during the period when the chairman is unable to perform his duties. Jiang Bin, deputy general manager of the company, will perform the duties of general manager on his behalf.
As soon as the notice was received, the senior management team of Ruichuang Micro-Nano set up an emergency working group and made arrangements for internal and external matters.
After the announcement, on the afternoon of April 7, Huang Yan, secretary of the board of directors of Ruichuang Micro-Nano, also organized more than 200 investors such as CITIC Securities, GF Securities, Changjiang Securities, Founder Securities, Industrial Securities, Invesco Great Wall Fund, China Universal Fund, China Asset Management, and Bosera Fund to hold a conference call.
Chairman Ma Hong is mainly responsible for the company's strategy and R&D direction, each segment of the business (R&D and marketing) is operated by each subsidiary, the product manufacturing and supply is operated by the company's supply chain team, and all sectors are responsible for specific business matters by the heads of each subsidiary. Therefore, this emergency will not affect the company's R&D, production and operation in the short term. Huang Yan said that the incident happened very suddenly, and the company does not have any official information about the specific situation now.
Although Ruichuang Micro-Nano said that the company has a sound governance and internal control mechanism, and has made proper arrangements for related matters, as of April 7, the company's production and operation are normal. This statement is not reassuring to investors. At the opening of trading on April 8, Ruichuang Micro-Nano stock fell to the limit, down 20.01% from the previous trading day.
The orders in hand were 1.54 billion yuan
What is the nature of the chairman's lien? Why was the case filed? Will it affect the research and development of Ruichuang Micro-Nano? Will it affect the performance of the enterprise? On the afternoon of the 8th, the New Yellow River Big Fish Financial Reporter called the Ruichuang Micro-Nano Securities Department, "We don't know (the reason), and there is no (notice) on it." The staff said that the maximum period of detention is generally 3 months, the maximum is 6 months, and they do not know when they will be able to come out.
As for the R&D work, there are other colleagues to take over these tasks, which have been arranged and will not be affected for the time being.
It is worth noting that in the 2022 annual report, Ruichuang Micro-Nano has said that the company has formed a core technical team headed by Ma Hong, and the core technical personnel play a key role in the company's technology and product research and development. If there is a loss of existing core technical personnel, it may adversely affect the profitability of the company.
The news that the chairman was retained led to a sharp drop in stock prices, how did the company respond? The staff of Ruichuang Micro-Nano Securities Department said that the company issued the latest performance forecast announcement after the market on the 8th, "Now the operation is very good in all aspects, the revenue and profit growth in the first quarter is also very fast, and the orders in hand are also sufficient, and there will definitely not be too much impact in the short term." ”
On the afternoon of the 8th, Ruichuang Micro-Nano released the recent main operating data. According to the company's unaudited financial data, it is expected that the cumulative operating income in the first quarter of 2024 will be about 1 billion yuan, a year-on-year increase of about 27%, and the net profit attributable to owners of the parent company will be about 125 million yuan, a year-on-year increase of about 53%. The new orders were 1.19 billion yuan, a year-on-year increase of 34%, and the current orders in hand were 1.54 billion yuan.
As for the main reason for the growth of performance, Ruichuang Micro-Nano explained that the company has formed a new pattern of infrared business-based, microwave, laser and other multi-dimensional perception fields gradually breaking through, which strongly supports the company's sustained and rapid development. Since 2024, Ruichuang Micro-Nano has continued to increase R&D investment and new product development, actively explore the market, promote domestic and foreign markets in an orderly manner, increase new orders, R&D and production delivery are progressing smoothly, and sales revenue in the first quarter of 2024 will continue to grow rapidly. At the same time, Ruichuang Micro-Nano continued to improve its operating efficiency and achieved higher performance growth.
In the eyes of investors, behind this announcement is "the company is in a hurry, hurry up to appease". But more investors are worried about whether the company's development is sustainable if the chairman is left in detention?
Discussions about the follow-up share price of Ruichuang Micro-Nano continue. Some people believe that Ruichuang Micro-Nano is a star enterprise in Yantai, and its performance has grown rapidly in recent years.
Ma Hong, 53 years old this year, has been a senior executive of Ruichuang Micro-Nano for 14 years, and his annual salary before tax in 2022 is 1.4953 million yuan. Since March 2010, Ma Hong has served as the general manager of Ruichuang Micro-Nano, and since April 2015, he has served as the chairman and general manager of Ruichuang Micro-Nano.
This year, eight executives of listed companies have been placed in detention
Previously, Ma Hong had also been punished by the regulatory authorities, but it did not cause such a big impact. According to the 2022 annual report, Ruichuang Micro-Nano has been punished 7 times in 3 years. Among them, Ma Hong was criticized by the Shanghai Stock Exchange and recorded in the integrity file of the listed company, and because of the inaccurate disclosure of share-based payment expenses and the inaccurate disclosure of the purchase of wealth management products, the Shandong Supervision Bureau of the China Securities Regulatory Commission took regulatory measures.
After Ma Hong was placed in detention, investors speculated that it might be related to the Ho Wenzhong case. An investor checked the announcements of the retention of executives of other companies, most of them were local supervision commissions, and only Ma Hong was the "Notice of Retention in Custody" and "Notice of Case Filing" issued by the State Supervision Commission, "He Wenzhong is of a high level, and the retention of custody cases was handled by the State Supervision Commission, so Ma Hong may be related to He Wenzhong's case." ”
On April 7, the official website of the Central Commission for Discipline Inspection and the State Supervision Commission released information that He Wenzhong, a member of the party group and deputy general manager of China Electronics Technology Group Co., Ltd., is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission. From 2016 to 2018, the largest customer of Ruichuang Micro-Nano was Hangzhou Hikvision Technology Co., Ltd. (hereinafter referred to as "Hangzhou Hikvision"). According to the prospectus, Hangzhou Hikvision is affiliated with China Electronics Technology Group.
According to the Science and Technology Innovation Board Daily, the staff of Ruichuang Micro-Nano Securities Department said that the company did not receive a notice that the chairman was investigated and related to He Wenzhong of China Electronics.
Incomplete statistics from the New Yellow River Big Fish financial reporter found that since the beginning of this year, at least 8 chairmen or general managers of A-share listed companies have been taken into custody. However, most of them were placed in custody and investigated by the municipal, district or county-level supervision commissions, and only the chairman and general manager of Yangpu Medical Technology Co., Ltd. was placed on file for investigation and placed in custody by the Guangdong Provincial Supervision Commission.
As of March 15, there have been 5 listed companies this year that have been retained in custody, and during the Qingming Festival holiday, the actual controllers of Ruichuang Micro-Nano and Yangpu Medical have been retained again, "All of them are listed companies on the Science and Technology Innovation Board or the Growth Enterprise Market, all of which are new shares listed in recent years." The investor analyzed that after the announcement that the actual controller was retained, T+1 will fall on a daily basis, and the more abnormal one is beyond technology, and the concept has been hyped up and down continuously.
Reporter: Du Lin Editor: Zhao Xiaoxin Proofreader: Gao Xin